Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one...

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Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of as inventory items Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 9 Purchase 1 150 units $7-$1,050 200 units $12-$2,400 14 Sale 11 22 Purchase 2 300 units 125 250 units $14-$3.500 Sale 2 225 units $25 Assume that Filimonov uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Cost of goods sold Cost of ending inventory Check My Work #M 80 73 E 94 $ D BRY TA 85 All work 96 222 FO 23 & 7 8: R T Y U F 8 6 G H J K Inventory Costing: LIFO Filimonov Inc. has the following information related to purchases and sales of one of as inventory items Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 9 Purchase 1 150 units $7-$1,050 200 units $12-$2,400 14 Sale 11 22 Purchase 2 300 units 125 250 units $14-$3.500 Sale 2 225 units $25 Assume that Filimonov uses a perpetual inventory system. Required: Calculate the cost of goods sold and the cost of ending inventory using the LIFO inventory costing method. Cost of goods sold Cost of ending inventory Check My Work #M 80 73 E 94 $ D BRY TA 85 All work 96 222 FO 23 & 7 8: R T Y U F 8 6 G H J K